Stay updated with breaking news from John Stepek. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
US inflation has hit another fresh 40-year high and it’s unlikely to be going away any time soon, despite the best efforts of the Federal Reserve. With markets already predicting a recession, John Stepek explains what it all means for you.
As the world converged on a liberal democratic consensus, it seemed for a while that politics didn’t matter. But things are very different now, says John Stepek. The world is diverging, and that mean
The idea that a recession will drive down interest rates – and thus inflation – is flawed, says John Stepek. The disinflationary forces of the recent past had nothing to do with central banks, and now they have gone. Inflation will be here for some time yet.
Central banks are raising interest rates in an attempt to curb soaring inflation. But will that push the economy into recession? John Stepek looks at how we got here and where things might go next.
UK house prices hit a fresh high in June, but as interest rates start to rise, the market is cooling John Stepek assesses just how much of an effect higher rates will have on the price of your home.